Annual Report and Form 20-F 2024
From the Chair
The business is united behind an evolved strategy designed to deliver at pace strategic objectives that drive performance and growth of our brands and create value for all IHG stakeholders.
From the CEO
I am incredibly proud of the work being done to accelerate performance, grow our outstanding brands around the world, and take IHG Hotels & Resorts to its full potential.
In 2024, we delivered an excellent financial performance, with improvements across RevPAR and profit from reportable segments, alongside the return of more than $1 billion to shareholders.
2024 in reviewFinancial Performance
Global RevPAR
Net SYSTEM SIZE GROWTH
Signings (Rooms)
Total gross revenue in IHG’s Systema
Revenue from reportable segmentsa
Operating profit from reportable segmentsa
Total revenue
Basic EPS
Operating profita
Adjusted EPSa
FINAL DIVIDEND
PER SHARE
114.4¢
Share buyback completed
$800m
a Use of Non-GAAP measures: In addition to performance measures directly observable in the Group Financial Statements (IFRS measures), additional financial measures (described as Non-GAAP) are presented that are used internally by management as key measures to assess performance. Non-GAAP measures are either not defined under IFRS or are adjusted IFRS figures. Further explanation in relation to these measures can be found on pages 103 to 108, and reconciliations to IFRS figures, where they have been adjusted, are on pages 266 to 272.
Regional Growth (Rooms)
Americas
EMEAA
Greater China
MICHAEL GLOVER
Chief Financial Officer
From the CFO
We delivered strong results on all components of our growth algorithm, building on our proven track record of driving growth and shareholder returns.
Chief Financial Officer’s Review and Performance
Industry Overview
We operate in an industry with high growth potential, underpinned by strong long-term fundamentals. A strong and resilient sector full of opportunity, the global hotel industry strengthened to record RevPAR levels in 2024 as stable employment markets, resilient consumer spending and robust levels of business activity created supportive conditions for growth.
Our Business Model
We provide an enterprise platform for hotel owners to join the IHG system through a family of 19 hotel brands and IHG One Rewards, one of the world’s largest hotel loyalty programmes. Our overall enterprise, including our brands and technology, meets clear guest needs and generates strong returns for our hotel owners.
Open Rooms
Pipeline Rooms
a Includes Iberostar Beachfront Resorts, which joined IHG's system and pipeline as part of a long-term commercial agreement.
Our Brands
- Luxury & Lifestyle
- Premium
- Essentials
- Suites
- Exclusive Partners
Our Strategy
Our ambition to be the hotel company of choice for guests and owners is underpinned by strategic investments in our brands, people, technology and scale.
Over the long term, with disciplined execution, our strategy drives the growth of our brands in high-value markets. It creates value for all our stakeholders and delivers sustained growth in profits and cash flows, which can be reinvested in our business and returned to shareholders.
Relentless focus on Growth
Brands guests and owners love
Leading commercial engine
CARE FOR OUR PEOPLE, COMMUNITIES AND PLANET
Downloads
